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October 10, 2021

Term Of License Agreement

Filed under: Uncategorized — Chris Chaten @ 8:20 PM

These sections deal with how previous infringements committed by the licensee are dealt with; in the event of infringement of the intellectual property of third parties, the manner in which such infringement is dealt with and where there is recovery of the infringement, as shared between the licensor and the licensee. The exemption granted by the licensee`s licensor to operate under IP rights is also covered. This section deals with any improvements made and/or patented (by whom and by whom) during the term of the licence, as well as the obligations that weigh on whether or not future technologies are included in this licence or whether future technologies are covered by the licensor`s reservation of rights. Domain: A license can determine the area in which the rights relate. In some cases, either party does not want its name to be used in combination with licensed products that are advertised or sold, as this could indicate that the licensing institution recommends those products. If this is the case, the agreement should indicate this. The reflection sections of the checklist are relatively involved and can be reduced if the equity is not part of the license payment. Royalties, milestone payments, currency type, determining exchange rate and capital issues are listed here, as well as the issue of annual minimum payments, which is particularly important in the case of an exclusive licence. Notice of Products Offered by Third Parties – In the case of an exclusive license granted in all or many areas, the licensee may first focus on a limited number of products or uses for the licensed technology. To support Harvard`s mission to promote the common good as much as possible by marketing its own technology at Harvard, Harvard may contain provisions similar to those in the link below, in order to encourage a licensee to develop products offered by third parties or to sublicense the licensee`s rights in Harvard patents to such a third party. to enable the development and commercialization of additional products. The consideration provided by the licensee in return for granting the patent license is called the payment of patent fees.

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